Stablecoins are taking on a new role in the $350-billion global gaming market, according to a new report published by the Blockchain Gaming Alliance (BGA).
The BGA report argued that fiat-pegged digital assets, once viewed as only payment tools or decentralized finance (DeFi) liquidity, are now becoming the unseen financial infrastructure that powers how developers pay creators, price items and retain players.
The report said that stablecoins like USDt (USDT) or USDC (USDC) offer economic stability that speculative tokens lack. By eliminating volatility from in-game economies, they enable predictability, faster payouts and seamless asset exchange across platforms.
Because of this, developers increasingly see stablecoins as the “monetary operating system” for gaming’s next growth cycle, the report said.
Citing games like Roblox and Fortnite as case studies, the BGA said closed-loop currencies have proven how stable values enable users to keep spending and creators building.
According to the BGA, the top 10 Roblox creators earn an average of $38 million annually. The BGA said this income is made possible by fixed exchange rates that insulate them from market shocks.
BGA said this same predictability can be found in stablecoins, which merge the reliability of fiat-backed systems with the transparency and programmability offered by blockchain technology.
“Stablecoins are transforming fragmented, speculative game economies into scalable, player-first systems,” Sequence head of business development Amber Cortez said in the report.
BGA report compares stablecoins to other in-game currencies. Source: BGA
The BGA report framed the shift into stablecoins as a response to the failings of play-to-earn (P2E) models powered by speculative tokens.
The BGA said games like Axie Infinity saw their user numbers collapse after their token values crashed. The report said this exposed how financial volatility undermines user engagement.
“The success of gaming’s biggest economies rests on stable value,” the report said. “Stablecoins bring that principle into the open metaverse—turning virtual currencies into real-world financial rails.”
Early examples of gaming-focused stablecoins have already started to emerge. In May, blockchain network Sui announced that it would release Game Dollar, a programmable stablecoin dedicated to gaming.
This brought the total for the year to almost $300 million, according to data platform DappRadar.
However, even though the sector is seeing a glimpse of hope, the numbers are significantly lower compared to last year. In 2024, DappRadar recorded over $1.8 billion in funding flowing into the blockchain gaming space.
Whales are increasingly investing in Bitcoin, with long positions accounting for over half of the market. Could this trigger a BTC surge to $110,000?
Bitcoin (BTC) is witnessing significant interest from large-scale investors, often referred to as ‘whales’, who are channeling substantial funds into long positions. This activity is taking place on platforms like Hyperliquid, according to CoinMarketCap. The cryptocurrency has recently experienced slight gains, prompting speculation about a potential surge to $110,000.
Whale Activity and Market Sentiment
Recent data indicates that whales are deploying millions into the stablecoin USDC to open large leveraged long positions on Bitcoin. This move suggests a growing bullish sentiment among significant investors, with long positions now making up 51.98% of the market. This shift is critical as it could influence Bitcoin’s price trajectory significantly.
Current Market Position
Bitcoin is currently consolidating around $108,200, hovering below its 30-day moving average. Analysts suggest that sustained accumulation by whales could potentially trigger a breakout, pushing Bitcoin towards its resistance range of $115,000 to $118,000. Such a breakout would be pivotal in determining whether BTC can reach the anticipated $110,000 mark.
On-Chain Analysis Insights
On October 22, Lookonchain, an on-chain analysis platform, reported a notable increase in whale activity. This included a significant deposit of $9.6 million by one whale, highlighting the scale of investment being channeled into Bitcoin. Such movements are often seen as precursors to major price shifts in the cryptocurrency market.
Market Implications
The influx of whale investments into Bitcoin long positions could have several implications for the market. It signals a confidence in the cryptocurrency’s potential to reach new highs, potentially attracting more investors. However, the market’s response to these developments will be crucial in determining Bitcoin’s short-term and long-term price movements.
Bitcoin’s MVRV ratio dropping below its365-day averagesignals a local bottom, historically preceding big price rallies.
Capital rotation from gold could fuel the Bitcoin rebound, according to analysts.
Bitcoin (BTC) may be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC market might be forming a “cyclical bottom,” according to crypto analysts.
Bitcoin’s MVRV metric signals “local bottom”
Bitcoin’s Market Value to Realized Value (MVRV) ratio, an indicator that measures whether the asset is overvalued, recently slipped below its 365-day moving average, indicating that BTC could be at a local bottom, according to CryptoQuant analyst ShayanMarkets.
The “MVRV ratio currently stands near 1.9, slightly below its 365-day moving average,” the analyst said in a QuickTake analysis on Monday, adding:
“Historically, each time the ratio dropped below the 365 SMA, it has marked a buying opportunity and a local bottom signal.”
The previous times this happened were in mid-2021, June 2022 and early 2024, preceding 135%, 100% and 196% rallies in BTC price, respectively.
This consistent pattern suggests that Bitcoin is once again “entering an undervalued phase, where long-term holders typically begin accumulating,” the analyst wrote.
“If this metric begins to turn upward from current levels, it could confirm that the recent sell-off was a cyclical bottom formation, supporting a renewed bullish phase into Q4.
That’s a “pretty harsh move on gold,” MN Trading Capital founder Michaël van de Poppe said in a Tuesday X post.
If this continues, it would mean gold has “peaked for the moment,” a sign that “the rotation” into Bitcoin and altcoins may be starting, van de Poppe wrote.
As Cointelegraph reported, gold’s ongoing pullback may trigger Bitcoin’s rebound, with technical analysis projecting a BTC price rally to $150,000–$165,000 by year’s end.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin’s MVRV ratio dropping below its365-day averagesignals a local bottom, historically preceding big price rallies.
Capital rotation from gold could fuel the Bitcoin rebound, according to analysts.
Bitcoin (BTC) may be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC market might be forming a “cyclical bottom,” according to crypto analysts.
Bitcoin’s MVRV metric signals “local bottom”
Bitcoin’s Market Value to Realized Value (MVRV) ratio, an indicator that measures whether the asset is overvalued, recently slipped below its 365-day moving average, indicating that BTC could be at a local bottom, according to CryptoQuant analyst ShayanMarkets.
The “MVRV ratio currently stands near 1.9, slightly below its 365-day moving average,” the analyst said in a QuickTake analysis on Monday, adding:
“Historically, each time the ratio dropped below the 365 SMA, it has marked a buying opportunity and a local bottom signal.”
The previous times this happened were in mid-2021, June 2022 and early 2024, preceding 135%, 100% and 196% rallies in BTC price, respectively.
This consistent pattern suggests that Bitcoin is once again “entering an undervalued phase, where long-term holders typically begin accumulating,” the analyst wrote.
“If this metric begins to turn upward from current levels, it could confirm that the recent sell-off was a cyclical bottom formation, supporting a renewed bullish phase into Q4.
That’s a “pretty harsh move on gold,” MN Trading Capital founder Michaël van de Poppe said in a Tuesday X post.
If this continues, it would mean gold has “peaked for the moment,” a sign that “the rotation” into Bitcoin and altcoins may be starting, van de Poppe wrote.
As Cointelegraph reported, gold’s ongoing pullback may trigger Bitcoin’s rebound, with technical analysis projecting a BTC price rally to $150,000–$165,000 by year’s end.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
If you’re a tier-1 crypto media sales representative in 2025, chances are you have an impersonator.
These are often fake Telegram, X or LinkedIn accounts offering “Tier-1 PR” to unsuspecting businesses, only to share a personal USDT wallet address when it’s time to pay. Cointelegraph has seen plenty of such cases.
In October 2025 alone, a Telegram profile styled as “Tobias Vilkenson | Cointelegraph”messaged BNB Chain to “set up a time to chat and feature BNB Chain in a Cointelegraph article,” linking to an X account under the same name with more than 6,000 followers. It’s a textbook impostor play: borrowing a newsroom’s credibility, promising coverage and moving targets into private direct messages (DMs) where the scam continues.
Other Cointelegraph journalists, including Erhan Kahraman, Turner Wright and Amin (Ruholamin) Haqshanas, have also reported scammers using their names and photos this year.
It’s not just Cointelegraph: Impersonators are everywhere in 2025
Impersonation has become one of crypto’s most common social-engineering tactics this year: used to steal data, drain wallets and blur the line between trusted media and outright fraud. Here are a few examples.
August 2025: Fake CoinMarketCap “journalists”
Several crypto projects received interview requests from email addresses such as team-coinmarketcap.com and matching X accounts posing as former CoinMarketCap reporters.
Once the “meeting” began, the impostors asked participants to adjust Zoom settings and approve a remote-control request, instantly granting the scammers access to their devices. CoinMarketCap later confirmed the outreach was fake and issued a public warning.
September 2025: The Empire podcast trap
Scammers cloned the branding of the popular Empire podcast and invited influencers to “record interviews” through fake StreamYard and Huddle links. The downloads silently installed AMOS stealer malware on macOS, siphoning browser cookies and crypto wallet data.
April 2025: Hong Kong deepfake officials
A realistic AI-generated video of Hong Kong Chief Executive John Lee Ka-chiu circulated online, promoting an “official investment plan.” Authorities quickly debunked it and traced the scheme to a Telegram group tied to overseas scammers. Just weeks earlier, a similar deepfake featuring the city’s financial secretary promoted a fake “National Hong Kong Coin.”
March 2025: “Binance support” text scam
Over 100 Australians received SMS messages claiming their Binance accounts had been compromised. Victims were told to move funds to a “secure wallet” for protection, which, of course, belonged to the attackers.
Summer 2025: Fake regulators on the rise
The UK’s Financial Conduct Authority (FCA) received nearly 5,000 reports in the first half of 2025 from individuals contacted by impostors posing as FCA staff. The scripts often began with lines like “We’ve recovered your crypto funds” and ended with requests for personal information or wallet access.
Across all these cases, the pattern is the same: a familiar identity, a quick pivot to private channels and a request that breaks normal process, whether it’s a download, a wallet transfer or a “verification.”
It’s social engineering dressed in crypto branding, and it works because it looks legitimate at first glance. That’s exactly why clear verification steps — checking author pages, domains and official contact links — matter more than ever.
Did you know? In 2024, impersonation (or “impostor”) scams alone were responsible for $2.95 billion in reported consumer losses in the US.
Why is impersonation rising now?
Two big shifts made impersonation explode in 2025.
First, X has overhauled its trusted verification system, replacing it with various monetized tiers for access to premium perks. The blue check no longer signals authenticity: It simply indicates that the user pays for X Premium. The old “notable and verified” badges are gone, and while ID verification exists, it’s optional and inconsistently enforced.
The result is a messy landscape where cloned accounts can appear just as legitimate as the real ones. Some scammers even purchase Premium to make their fakes seem more credible.
Second, impersonation scams are booming across industries, not just in crypto. The US Federal Trade Commission (FTC) recorded $12.5 billion in consumer fraud losses last year, the highest on record, with impersonation cases among older adults rising more than fourfold.
The Federal Bureau of Investigation’s Internet Crime Complaint Center report lists phishing and spoofing among the top complaint categories. It has become one of the most profitable forms of online crime, and the crypto sector, where everything happens in public and everyone is reachable through DMs, remains a prime target.
It’s not just random scammers; even regulators have been impersonated. In January 2024, the US Securities and Exchange Commission’s official X account was hijacked in a SIM-swap attack and briefly announced a fake Bitcoin (BTC) exchange-traded fund approval, moving markets before the post was corrected.
If an entire government agency can be cloned or compromised, imagine how easy it is to fake a single journalist.
The impostor playbook
Here’s how these scams typically unfold, based on firsthand reports and platform data from this year:
“Let’s feature you — can we move to Telegram?” It often starts with a polite DM from a familiar name on X, followed by a request to continue the conversation on Telegram. The cloned handle there looks almost identical to the real one.
They ask for fees or “expedited coverage” — a classic tell. Cointelegraph’s sponsored content is clearly labeled and managed by a separate commercial team. No reporter will ever ask you for money to be featured. If someone does, it’s a scammer or, at best, a fake PR pitch posing as editorial.
They send a “quick Zoom” or “verification link.” Phishing emails and DMs often copy staff names or spoof company domains to create urgency — messages like “just confirm these details” or “click here to schedule.” The FTC’s advice is simple: Don’t click anything you didn’t expect. Always verify the contact through a known channel.
Look-alike handles and empty profiles are common. On X, scammers rely on slight misspellings, recent account creation dates and copy-pasted posts. Many even purchase Premium for the blue check. X’s policy technically prohibits “misleading and deceptive identities,” but reporting and removal often lag behind the scams.
They use pressure and secrecy. You’ll see lines like “Keep this confidential” or “We need this done in an hour.” Sometimes they ask for a crypto wallet address “for verification” or “reward distribution.” Those are hard stop signs. They’re clear hallmarks of social-engineering attacks flagged by cybersecurity agencies worldwide.
If any of this shows up in your inbox or DMs, stop before responding. The next section walks you through a one-minute verification routine that can save you and your project from falling into an impostor’s trap.
Did you know? Telegram launched @notoscam after impersonation scams — fake accounts posing as trusted figures or media brands — surged to the point that users needed an official, easy way to report them.
Verify Cointelegraph in 60 seconds
Start at the source: the author page. If someone claims to be a Cointelegraph writer or editor, check both the “Authors” and “Management Team” tabs to verify this. Every author has a profile listing their bylines and, where applicable, verified social links, such as the one for this article’s author (Bradley Peak). Editors are listed under the “Management Team” tab.
Check the email domain and contact channels. Real Cointelegraph emails always come from @cointelegraph.com. If you’re unsure, use the addresses listed on the About/Get in Touch page to verify the outreach before replying.
Sanity-check the X handle. Watch for subtle misspellings, recent creation dates and thin post history. Remember that on X, a blue check mainly indicates a paid Premium subscription — not the legacy “notable and authentic” verification. If you spot a suspected fake, report it through X’s impersonation form; you can even file it as a bystander without an account.
Watch for the Telegram pivot. Many impostors will try to move you to Telegram using a near-identical handle. If that happens, verify in-app and report it through Telegram’s official @notoscam bot or the profile’s Report option.
When in doubt, route through the official site. Don’t continue in DMs. Use the contact addresses listed on Cointelegraph’s website so the right team can confirm whether the outreach is real.
Five quick ways to spot a fake account
1. The handle looks almost right — but not quite
Double letters, swapped characters or an extra underscore are easy to miss at a glance. Scammers rely on that. Always check the exact spelling before assuming a profile is real.
2. The profile history doesn’t make sense
A newly created account with only a handful of posts, no real replies and lots of recycled or copied content is a red flag. Impostors often clone images or bios from legitimate profiles to appear established, but their posting patterns usually give them away.
3. They try to move the chat off-platform quickly
A quick invitation to Telegram or WhatsApp is one of the oldest tricks in the book. If someone insists on switching platforms, stop and verify who you’re talking to. Telegram even operates an official @notoscam bot for reporting this exact type of fraud.
4. They mention money or “expedited coverage”
No Cointelegraph reporter will ever ask for crypto payments or “coverage fees.” Editorial work and sponsored partnerships are handled separately through official channels and are clearly labeled as such. If someone mentions payment in a DM, it’s a scam.
5. The email or link feels off
Watch for near-miss domains or messages urging you to click immediately. Legitimate staff never rush communication. If something feels urgent or out of place, verify it using the contact information listed directly on Cointelegraph’s website.
Cointelegraph’s commitment to readers
At Cointelegraph, editorial independence is non-negotiable. Reporters and editors do not handle sponsorships or paid placements, and all commercial content is clearly labeled and kept separate from the newsroom. Readers can always tell the difference between editorial coverage and sponsored material.
Verification is simple: Every team member has an author page on cointelegraph.com with bylines and, where relevant, verified social links. If you receive outreach claiming to be from one of the writers, check that page first or make contact through the addresses listed in the About section of the website.
Cointelegraph is also updating its author bios to include official LinkedIn and X handles, allowing readers and partners to confirm identities instantly.
In an industry crowded with impostors, these small verification steps help keep communication transparent, credible and safe for everyone.
TRX price prediction targets $0.35-$0.37 range by November 2025 as technical indicators show bullish momentum building with MACD turning positive and neutral RSI.
TRON (TRX) is positioning itself for a potential breakout above key resistance levels as technical indicators align for the next price move. With the current price at $0.33, our comprehensive TRX price prediction analysis suggests a measured bullish outlook for the coming weeks.
TRX Price Prediction Summary
• TRX short-term target (1 week): $0.345 (+4.5%)
• TRON medium-term forecast (1 month): $0.33-$0.37 range
• Key level to break for bullish continuation: $0.35
• Critical support if bearish: $0.30
Recent TRON Price Predictions from Analysts
The latest analyst predictions reveal a mixed but generally optimistic outlook for TRX. CoinCodex leads with the most bullish TRON forecast, targeting $0.3459 in the medium term based on algorithmic analysis of market cycles. This aligns closely with our technical resistance level at $0.35.
Meanwhile, LongForecast and PriceForecastBot offer more conservative TRX price prediction targets around $0.33, which essentially represents consolidation at current levels. The standout prediction comes from PricePredictions.com with an ambitious $1.03 target, though this appears overly optimistic given current technical conditions.
The consensus among these predictions suggests TRON will likely trade between $0.33-$0.35 in the near term, with potential for a breakout toward $0.37 if momentum builds. This creates a compelling risk-reward setup for traders.
TRX Technical Analysis: Setting Up for Bullish Breakout
Current TRON technical analysis reveals several encouraging signals supporting our TRX price prediction. The MACD histogram has turned positive at 0.0001, indicating early bullish momentum is building beneath the surface. While this signal is still developing, it represents the first positive reading in recent sessions.
The RSI at 47.96 sits in neutral territory, providing room for upward movement without entering overbought conditions. This neutral positioning is actually favorable, as it suggests TRX hasn’t exhausted its buying power and can sustain a rally toward our price targets.
Volume analysis shows robust trading activity with $82.8 million in 24-hour volume on Binance, indicating healthy market participation. The price action near the Bollinger Bands middle line (SMA 20) at $0.33 suggests consolidation before the next directional move.
TRON Price Targets: Bull and Bear Scenarios
Bullish Case for TRX
Our primary TRX price prediction scenario targets the $0.35 resistance level as the immediate objective. A successful break above this level would likely trigger momentum toward the 52-week high at $0.37, representing 12% upside from current levels.
The technical setup supports this bullish TRON forecast through several factors: the positive MACD histogram, price holding above key moving averages (SMA 20 and EMA 26), and the overall “Strong Bullish” trend classification. Volume confirmation on any breakout above $0.35 would validate this scenario.
Secondary upside targets include $0.3459 (matching CoinCodex’s prediction) and ultimately $0.37 if broader crypto market conditions remain supportive.
Bearish Risk for TRON
The primary risk to our TRX price prediction lies in a breakdown below the $0.30 support level, which coincides with both the Bollinger Bands lower band and the strong support identified in our analysis. Such a break would invalidate the bullish setup and could target the $0.28-$0.29 area.
Early warning signs would include the MACD histogram turning negative again, RSI dropping below 40, and daily volume declining significantly. The current 24-hour low at $0.32 serves as an immediate support level to monitor.
Should You Buy TRX Now? Entry Strategy
Based on our TRON technical analysis, the current price around $0.33 offers a reasonable entry point for those seeking exposure to TRX. However, more conservative traders might wait for a slight pullback to the $0.32 pivot point for better risk-reward.
The optimal buy TRX strategy involves scaling into positions with a stop-loss below $0.30 (9% risk from current levels). This stop placement protects against the breakdown scenario while allowing room for normal price fluctuations.
Position sizing should remain moderate given the medium confidence level in these predictions. Consider allocating 1-3% of portfolio value to this TRX price prediction trade, depending on individual risk tolerance.
TRX Price Prediction Conclusion
Our comprehensive analysis supports a bullish TRX price prediction with a target range of $0.35-$0.37 over the next 4-6 weeks. The combination of positive MACD momentum, neutral RSI positioning, and strong support levels creates a favorable setup for TRON’s next move higher.
Confidence level for this TRON forecast stands at Medium-High, given the alignment of multiple technical indicators and analyst predictions. Key confirmation signals include a sustained break above $0.35 with volume, while invalidation would occur on a daily close below $0.30.
The timeline for this TRX price prediction extends through November 2025, with the primary catalyst being broader cryptocurrency market momentum and TRON ecosystem developments. Traders should monitor the $0.35 resistance level closely for breakout confirmation.
Batched Threshold Encryption (BTE) builds on foundational concepts such as threshold cryptography, which enable secure collaboration among multiple parties without exposing sensitive data to any single participant. BTE is an evolution of the earliest TE-encrypted mempool schemes, such as Shutter, which we have covered previously. For now, all existing work on BTE remains at the prototype or research stage, but it could shape the future of decentralized ledgers if successful. This creates a clear opportunity for more research and potential adoption, which we will explore in this article.
On most modern blockchains, transaction data is publicly viewable in the mempool before it is sequenced, executed and confirmed in a block. This transparency creates avenues for sophisticated parties to engage in extractive practices known as Maximal Extractable Value (MEV). MEV exploits the block proposer’s ability to reorder, include or omit transactions for financial gain.
Typical forms of MEV exploitation, such as frontrunning and sandwich attacks, remain pervasive, particularly on Ethereum, where, during the flash crash on Oct. 10, an estimated $2.9 million was extracted. Accurately measuring total extractive MEV remains difficult because roughly 32% of these attacks were privately relayed to miners, with some involving over 200 chained subtransactions in a single exploit.
Some researchers have sought to prevent MEV with mempool designs, where pending transactions are held encrypted until block finalization. This prevents other blockchain participants from seeing what trades or actions the transacting users are about to take. Many encrypted mempool proposals use some form of threshold encryption (TE) for this. TE splits a secret key that can unveil the transaction data among several servers. Akin to a multisig, a minimum number of signers must work together to combine their key shares and unlock the data.
Why BTE matters
Standard TE struggles to scale efficiently because every server must decrypt each transaction separately and broadcast a partial decryption share for it. These individual shares are recorded onchain for aggregation and verification. This creates a server communication load that slows the network and increases chain congestion. BTE solves this limitation by allowing each server to release a single constant-sized decryption share that unlocks an entire batch, regardless of size.
Decrypting transactions that are encrypted to the public key requires proving that they fit into the polynomial. Because a polynomial of fixed degree can be fully determined from a set number of points, the servers only need to collectively exchange a small amount of data to provide this proof. Once the shared curve is established, they can send out a single compact piece of information derived from it to unlock all transactions in the batch at once.
Importantly, transactions that do not fit within the polynomial remain locked, so the committee can selectively reveal a subset of the encrypted transactions while keeping others hidden. This guarantees that all encrypted transactions outside the selected batch for execution remain encrypted.
Current TE implementations, such as Ferveo and MEVade, could therefore integrate BTE to preserve privacy for non-batch-included transactions. BTE also fits naturally with layer-2 rollups such as Metis, Espresso and Radius, which already pursue fairness and privacy through time-delay encryption or trusted sequencers. By using BTE, these rollups could achieve a trustless ordering process that prevents anyone from exploiting transaction visibility for arbitrage or liquidation gains.
However, this first version of BTE had two major drawbacks: It required a full reinitialization of the system, including a new round of key generation and parameter setup each time a new batch of transactions was encrypted. Decryption consumed significant memory and processing power as nodes worked to combine all partial shares.
Both of these factors limited BTE’s practicality; for instance, the required frequent DKG execution for committee refresh and block processing made the scheme effectively prohibitive for moderately sized permissioned committees, let alone any attempt to scale to a permissionless network.
For cases of selective decryption, where validators only decrypt profitable transactions, BTE makes all decryption shares publicly verifiable. This allows anyone to detect dishonest behavior and penalize offenders via slashing. It keeps the process reliable as long as a threshold of honest servers remains active.
Upgrades to BTE
Choudhuri, Garg, Policharla and Wang (2025) made the first upgrade to BTE to improve server communication through a scheme called the one-time setup BTE. This scheme only required a single initial Distributed Key Generation (DKG) ceremony that runs once across all decryption servers. However, a multiparty computation protocol was still required to set up the commitment for each batch.
The first truly epochless BTE scheme came in August 2025 when Bormet, Faust, Othman and Qu introduced BEAT-MEV as a single, one-time initialization that could support all future batches. It achieved this using two advanced tools, puncturable pseudorandom functions and threshold homomorphic encryption, allowing servers to reuse the same setup parameters indefinitely. Each server only needed to send a small piece of data when decrypting, thus keeping server communication costs low.
Overview of projected performance
Down the line, another paper called BEAST-MEV introduced the concept of Silent Batched Threshold Encryption (SBTE) that removed the need for any interactive setup between servers. It replaced repeated coordination with a non-interactive, universal one-time setup that allows nodes to operate independently.
However, combining all the partial decryptions afterward still required heavy interactive computation. To fix this, BEAST-MEV borrowed BEAT-MEV’s sub-batching technique and used parallel processing to let the system decrypt large batches (up to 512 transactions) in under one second. The following table summarizes how each successive BTE design improves on the original BTE design.
BTE’s potential also holds for protocols such as CoW Swap that already mitigate MEV through batch auctions and intent-based matching, yet still expose parts of the order flow in public mempools. Integrating BTE before solver submission would seal that gap and provide end-to-end transaction privacy. For now, Shutter Network remains the most promising candidate for early adoption, with other protocols likely to follow once implementation frameworks become more mature.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.
Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash.
Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 last Tuesday to a four-month low of $104,000 by Friday, a level last seen in June, TradingView data shows.
Despite the steep decline, analysts said the correction flushed out excess leverage, prompting investors to shift from chasing gains to protecting capital.
In a report Tuesday, blockchain analytics firm Glassnode said short-term Bitcoin holder supply has risen, signaling that “speculative capital” is taking a larger share of the market.
“Onchain, the short-term holder supply share continues to rise, suggesting that speculative capital is becoming more dominant,” Glassnode said, adding:
“This combination of signals points to a market shifting into protection mode, with traders prioritizing capital preservation over directional bets.”
Meanwhile, Bitcoin’s open interest fell by about 30%, signaling that the crypto market is “far less vulnerable to another liquidation cascade,” said Glassnode in a Tuesday X post.
Bitcoin’s rise to $0.2 million spells “hard time” for “paper hand” investors: Samson Mow
Glassnode’s report comes amid a period of growing uncertainty related to the continuation of the cryptocurrency market cycle.
“This $0.1M to $0.2M range is a hard time for those with weak conviction to HODL Bitcoin,” Jan3 CEO, Samson Mow, wrote in a Monday X post, adding:
“They’re uncertain because the “cycle” didn’t happen like before, and also because other assets like gold are rallying.”
Mow predicted that Bitcoin “will add a zero soon enough,” but warned that “paper hands” investors with weak conviction should not get shaken out by the temporary correction.
Digital asset treasuries (DATs) and exchange-traded funds (ETFs) have absorbed an “incredible amount” of the long-term holder supply, but Bitcoin’s upside will remain limited until this cohort stops selling, the analyst wrote in a Monday X post.
However, Bitcoin ETFs have also been hit by the political turmoil surrounding President Donald Trump’s renewed tariff threats against China.
On Monday, the Bitcoin ETFs recorded $40 million worth of net outflows, marking their fourth consecutive day of selling, Cointelegraph reported.
Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash.
Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 last Tuesday to a four-month low of $104,000 by Friday, a level last seen in June, TradingView data shows.
Despite the steep decline, analysts said the correction flushed out excess leverage, prompting investors to shift from chasing gains to protecting capital.
In a report Tuesday, blockchain analytics firm Glassnode said short-term Bitcoin holder supply has risen, signaling that “speculative capital” is taking a larger share of the market.
“Onchain, the short-term holder supply share continues to rise, suggesting that speculative capital is becoming more dominant,” Glassnode said, adding:
“This combination of signals points to a market shifting into protection mode, with traders prioritizing capital preservation over directional bets.”
Meanwhile, Bitcoin’s open interest fell by about 30%, signaling that the crypto market is “far less vulnerable to another liquidation cascade,” said Glassnode in a Tuesday X post.
Bitcoin’s rise to $0.2 million spells “hard time” for “paper hand” investors: Samson Mow
Glassnode’s report comes amid a period of growing uncertainty related to the continuation of the cryptocurrency market cycle.
“This $0.1M to $0.2M range is a hard time for those with weak conviction to HODL Bitcoin,” Jan3 CEO, Samson Mow, wrote in a Monday X post, adding:
“They’re uncertain because the “cycle” didn’t happen like before, and also because other assets like gold are rallying.”
Mow predicted that Bitcoin “will add a zero soon enough,” but warned that “paper hands” investors with weak conviction should not get shaken out by the temporary correction.
Digital asset treasuries (DATs) and exchange-traded funds (ETFs) have absorbed an “incredible amount” of the long-term holder supply, but Bitcoin’s upside will remain limited until this cohort stops selling, the analyst wrote in a Monday X post.
However, Bitcoin ETFs have also been hit by the political turmoil surrounding President Donald Trump’s renewed tariff threats against China.
On Monday, the Bitcoin ETFs recorded $40 million worth of net outflows, marking their fourth consecutive day of selling, Cointelegraph reported.
A coalition of fintech, crypto and retail industry trade groups is urging the US Consumer Financial Protection Bureau (CFPB) to adopt a robust open banking rule that safeguards consumers’ control over their financial data.
The letter shared with Cointelegraph was signed by leading crypto advocacy groups — including the Blockchain Association and the Crypto Council for Innovation — alongside fintech and industry organizations such as the Financial Technology Association, American Fintech Council and others representing retailers and small businesses.
The letter responds to the CFPB’s review of the Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act, which will define how consumers share their financial data with third-party services.
The coalition said it supports clear consumer data rights and urged the CFPB to finalize an open banking rule that affirms Americans own their financial data, not big banks. The groups said consumers should be free to share that data with any authorized third party, not just fiduciaries.
The group also pressed the CFPB to preserve the current ban on data access fees, saying the rule must uphold a free and competitive market and that the prohibition is already clearly established in law.
Open banking was first proposed in the US during the administration of former President Joe Biden in 2022 and finalized on Oct. 22, 2024.
The framework allows consumers to securely share financial data with third-party apps through APIs (application programming interfaces), forming a critical bridge between traditional finance and sectors such as decentralized finance (DeFi) platforms, crypto on-ramps, and digital banking tools.
The letter claims that open banking is relied upon by “over 100 million Americans” to access tools like investment platforms, crypto wallets, and digital payment apps to manage their finances and run businesses.
“Yet these rights are under attack,” the letter says. “The nation’s largest banks want to roll back open banking, weaken consumer financial data sharing, and crush competition to protect their position in the marketplace.
While open banking already exists in the European Union, the UK, Brazil and several other countries, there has been pushback against the rule in the US from major banks.
The same day the rule was finalized in Oct. 2024, the Bank Policy Institute, a trade group representing major banks like Wells Fargo, Bank of America and JPMorgan Chase, sued to block it, arguing that it posed security risks and unfairly burdened incumbents.
On July 11, a Bloomberg report revealed that JPMorgan intended to begin charging fintech companies for access to their customers’ banking data.
Crypto industry steps up pressure on Washington
Tuesday’s letter builds on an earlier appeal the coalition sent to US President Donald Trump on July 23, accusing US banks of stifling innovation by suing to delay open banking reforms and introducing data-access fees for fintech and crypto platforms.
On Aug. 14, more than 80 executives from the crypto and fintech sectors signed a letter calling on the President to prevent banks from imposing fees on companies that access customer financial data.
On Monday, Gemini co-founder Tyler Winklevoss wrote on X: “Banks want to gut the Open Banking Rule (1033) so they can tax and control your financial data and remove your freedom to choose the services you want. This is bad for crypto and financial innovation in America.”
Tomorrow is the last day to submit a comment letter to the CFPB regarding its proposed open banking rule.
